Ronald Domb's Empire Hotel Group purchased the 137-key Milburn Hotel at 242 West 76th Street on the Upper West Side, paying $69.4 million to Melvin Newman, according to property records filed with the city Tuesday. Empire also received a $32 million mortgage from the Israel Discount Bank of New York for the property, records show. The 15-story hotel was recently converted from apartments, according to a permit application filed with the Department of Buildings in ... [more]
